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but if i asked the market, the market via the u.s. dollar is a very simple vote. the u.s. dollar's been up six of the last seven weeks. at the same time, you've seen calamity in some commodity prices. gold starting to break down. if romney were to win, the first thing i think happens is more of the same which would imply ben bernanke removed from his seat, gold would be under a serious amount of duress, and you'd start to really have to bake in whether it's hubbard or taylor at the fed, a whole host of issues could come into the bond market -- >> that's your romney, clinton, king dollar scenario, if i may. >> yeah. both reagan and clinton were good for the dollar. i think romney, certainly in the intermediate term, would be seen as a bullish thing for the dollar as well. that could get gas prices in the end, i think that's good for the country, good for consumption. >> wow, great stuff. thank you ever so much. >>> it's election eve. who's going to be the victor? obama or romney? we keep asking this question. predictions up next. please stay right here. >>> president obama
but if i asked the market, the market via the u.s. dollar is a very simple vote. the u.s. dollar's been up six of the last seven weeks. at the same time, you've seen calamity in some commodity prices. gold starting to break down. if romney were to win, the first thing i think happens is more of the same which would imply ben bernanke removed from his seat, gold would be under a serious amount of duress, and you'd start to really have to bake in whether it's hubbard or taylor at the fed, a whole...
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Nov 1, 2012
11/12
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we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all the macroeconomic headwinds that we face. let's show you what's happening on on the open. lots happening in the oil and gas sector. we had numbers also out from the resources sector. but the overall tone in oil and gas is negative. there is some gray on the charts to report. retail autos tracking higher, household goods. and lloyds here in the uk has been reporting, as well. and there's been a very strong response to its numbers popping up more than 5% on the open. positive responses this morning. >> let's update
we had the u.s. returning to business after the two day close after sandy, but the reaction was fairly muted. european investors as they watch the action on on wall street, but also this occurred on average volumes taking place on wall street. let's take a look at some of the appetite. a wish washy open. this is the start of a brand new trading month. and if you look over the course of the last five months, it's been a fairly decent performance for european markets. up almost 13% despite all...
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Nov 7, 2012
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and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the people's work. and we citizens also have to rise to the occasion. >> in the weeks ahead, i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >>> we have picked ourselves up. we have fought our way back. and we know in our hearts that for the united states of america, the best is yet to come. >>> welcome back. >> here are the headlines. >> president obama rolls to re-election in a second term, defeating mitt romney despite the weak u.s. economy and persistently high unemployment. >
and you say turning the u.s. into amsterdam, perhaps. >>> still to come on "worldwide exchange," we'll look at the challenges that the re-elected president faces, most importantly the fiscal cliff. >> we'll get views from both sides of the aisle as candidates vow to bury the hatchet. >> the nation, as you know, is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. our lead verse to reach across the aisle to do the...
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Nov 7, 2012
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. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully beinvesting. with investment information, risks, fees and expenses we call this our mission.mpany, green toys teaches children that if i have a milk jug and i stick it in the recycling bin it can turn into something new. chase allows us to buy capital equipment to be able to manufacture in the states to the scale we need to be a global company. with a little luck green toys could be the next great american brand. find what's next for your business at chase.com/mainstreet >> 16 minutes past the hour. want to get to john harwood in the map room. >> you look at the electoral vote count and it looks very
. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully...
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Nov 5, 2012
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he will fix it just as it did with the u.s. disney, kellogg, procter, ford, all doing the right thing. all being overlooked! it's never too late to fix that. although all you've got to do is buy, buy, buy! stick with cramer. provide it for you. during our semi-annual sleep sale, save $500 on our classic series special edition bed set-but only while supplies last. sale ends soon! you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we n
he will fix it just as it did with the u.s. disney, kellogg, procter, ford, all doing the right thing. all being overlooked! it's never too late to fix that. although all you've got to do is buy, buy, buy! stick with cramer. provide it for you. during our semi-annual sleep sale, save $500 on our classic series special edition bed set-but only while supplies last. sale ends soon! you'll only find the innovative sleep number bed at one of our 400 stores, where queen mattresses start at just $699....
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Nov 6, 2012
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their u.s. distributor filed for chapter 11 bankruptcy protection today saying it would no longer sell cars in the u.s. mainland. suzuki mostly sold small cars and full wheel drives in america, but only sold 26,000 vehicles last year. by the end of september, its u.s. distributor had accumulated $346 million in debt. it's now the second japanese carmaker to exits the u.s. car market, but it will continue to provide parts and service for existing customers. suzuki hopes to strengthen its earnings in europe. shares rose on the news, but investors are looking ahead through friday when a sue szuki reports earnings. >>> and another japanese maker is planning to k3exit europe in january. they blame partly the yen's strategy. >>> still to come, nestle has a recipe for growth. we'll find out the its ingredients from the ceo. >>> debt troubles continue to steer multinationals toward kree merge memaernerging markets. we recently caught up with nestle c efeo. what did he have to say? >> essentially he's re
their u.s. distributor filed for chapter 11 bankruptcy protection today saying it would no longer sell cars in the u.s. mainland. suzuki mostly sold small cars and full wheel drives in america, but only sold 26,000 vehicles last year. by the end of september, its u.s. distributor had accumulated $346 million in debt. it's now the second japanese carmaker to exits the u.s. car market, but it will continue to provide parts and service for existing customers. suzuki hopes to strengthen its...
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Nov 6, 2012
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tomorrow they're voting on prop 37. >> u.s. the only other country that allows gmo in most of their foods. where are all these allergens? it's important that we get rid of gmos. our soup business -- this has been a big acquisition for us in the uk. this is coming to the u.s. in january. fresh soups, 30-day shelf life, and i've got to tell you. we don't have that. >> you get the stuff that was made at the store. >> you ever see that, you have people sneezing, people with dirty hands. who wants to be buying it? we got a lot of good stuff going on. >> during the quarter there was this pressure down. someone said that you were losing share in yogurt. you yourself in answer to a question from jeffrey said yes. he said it was getting messy. you admitted there was some pricing. is that where the run occurred? >> listen, i came back. greek gods yogurt, we looked at it, it was $12 million. today it's to $100 million. greek gods was up 40% in this quarter. yes, we're overlapping growth from last year. i was looking at october numbers. co
tomorrow they're voting on prop 37. >> u.s. the only other country that allows gmo in most of their foods. where are all these allergens? it's important that we get rid of gmos. our soup business -- this has been a big acquisition for us in the uk. this is coming to the u.s. in january. fresh soups, 30-day shelf life, and i've got to tell you. we don't have that. >> you get the stuff that was made at the store. >> you ever see that, you have people sneezing, people with dirty...
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Nov 7, 2012
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the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied being there? >> that's the big question. >> does it mean a big change? i saw some republican pundits say this should be the end of the gop punditry class because of all the money that was spent, really would have gone for naught if romney does not win the presidency here. then i guess are the democrats going to be happy? let's say they do win this thing in a squeaker of an electoral vote, of a popular vote, not having that last seat, and capable of doing an agenda, would they then move to the center? >> we were talking about this earlier. >> it was a g
the pattern spills over into the u.s. senate also. and the only place that was immune was the house of representatives. republicans kept the house. but i think nationally there's a pattern. i mean, i think mr. romney will do well if he can hold some of these florida, virginias. i'm not sure he can to be honest with you. >> i just think about if the -- let's say we end up where we were, the same split in the house and the democrats get the -- is the republican party going to be satisfied...
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Nov 7, 2012
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it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today? >> okay, well, question on two retail stocks that i don't know. jcpenney and sears, they have a lot in common. they both lose money. they both have negative same-store sales. and, my opinion, i think their business mounds are a little flat, but they do own part of the real estate. are they overvalued? and the big question is what would the share price be of each company if you just base it on the value of the real estate? >> you have to believe that retail is going to really come roaring back more than it has. i want to avoid both of them. let's st
it's dv u.s. divas. oh, boy, the initial numbers, the initial scripts in the game are not that good. i reiterate. go ahead. >> do whatever you want. >> let's go to warren in arizona. >> caller: booyah, jim. warren in arizona. like i say, my wife, nancy and i watch you every day. our stalk is boardwalk empire's enterprise. >> i'd say you've got horse sense. i like this stock. a lot of people worry about these mlps, i am not. >> hi, jim, how are you doing today?...
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Nov 7, 2012
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kelly evans is live at the u.s. embassy in london where it is almost 1:00 in the morning but no one is going to sleep quite yet. good morning, kelly. >> carl, good morning. if anything, the party here is just getting going. as you said i'm at the u.s. embassy in london. mind me one of the many rooms 12 to 1300 guests are expected in and out. they have tons of screens to watch the results come in and there are sponsors galore, mcdonald's, starbucks, jack daniels, goodman sacks. we are in the heart of mayfair a heavily financial as well as political crowd and the ambassador louis susman, while an obama employee, a pretty bipartisan group here as well. republicans and democrats abroad have their booths set up, handing out little favors and they're taking pictures with their mitt romney and barack obama cutouts. it's also not just americans, though, as i -- as the ambassador mentioned when i spoke with him a few moments ago, it's also pretty international crowd. >> i've seen people from russia, from israel, all over. th
kelly evans is live at the u.s. embassy in london where it is almost 1:00 in the morning but no one is going to sleep quite yet. good morning, kelly. >> carl, good morning. if anything, the party here is just getting going. as you said i'm at the u.s. embassy in london. mind me one of the many rooms 12 to 1300 guests are expected in and out. they have tons of screens to watch the results come in and there are sponsors galore, mcdonald's, starbucks, jack daniels, goodman sacks. we are in...
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Nov 2, 2012
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the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in thi
the final set of numbers on the u.s. jobs market before the election are out in just a few hours forecasts calling for another month of modest but not stellar payroll growth. >> dow, nasdaq post strongest session since mid september. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been...
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that's a horrible time. >> for global markets, u.s. versus the rest of the world, how do you want to be diversified allocation? >> we're united states. remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if you will, of the global economy. >> defensive stocks, health care, consumer staples and health care. >> global guerrillas, i like that. >> thank you for joining us. heading to the close with a bit of a rally. dow up 38 points, the high of the session. >> what happens in wall street in the two months leading up to election day is historically one of the most accurate predictors who gets elected president? >> remember that number, 1390.84, you'll find out why that's significant coming up. >>> why someone here says the superstorm sandy devastation increasing con
that's a horrible time. >> for global markets, u.s. versus the rest of the world, how do you want to be diversified allocation? >> we're united states. remember china's growth is no longer going to be 10%. they're reaccelerating their growth over the last couple of quarters but we think it's a question of 7% to 8%. emerging markets, driven by china, will look different. we favor developed markets, especially the u.s., which happens to be the best house in a crummy neighborhood, if...
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change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we are going to look at last-minute stock place for your portfolio new obama millionaires house, do they stack up against gop presidents? >>> and a once we know who will be the president the next four years will we finally solve the fiscal cliff? if not, you won't believe what it will cost you. get back to power lunch. >>> the voters are heading to the poll, with the election behind us tomorrow, will we see a pop either way because of some of the uncertainty removed from the market or not? your massive this morning, you had interesting statistics and you said this market looks like '08 all over again what way? >> traditionally, election
change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we are going to look at...
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Nov 7, 2012
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change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. >>> welcome back to our special coverage. hundreds of races in the house and senate tonight. >> there's tight races in the senate in early returns. pretty much going as we expected. we do have handful of newly projected winners in the senate races so far. nbc news declared that bill nelson is projected winner in the state of florida. nbc news also declaring angus king the projected winner in the state of
change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ mom? dad? guys? [ engine turns over ] [...
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Nov 1, 2012
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chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is indicative of what the next couple of months will bring. having said that, sandy will produce jobs. the question is will sandy produce more jobs than president obama did over the course of the last few years. and as far as the numbers, let's keep this in mind. i'm 5'5". when i'm with my mop and my sisters who are 4'11", i'm a giant. but when i'm around my friends who are 6-feet, reality sets in. so these nudges are not great. >> this could be too much information. >> i know. you're saying the numbers are good, but not -- >> that's exactly right. when you're starving, even a crumb looks like a steak. we need a few m
chinese purchasing survey was a little improved and you're right, if the purchasing manager survey in the u.s. is a little better as was consumer confidence. >> jack, what do you think, is sandy a big driver for stocks or is it the coming election and the possible outcome? >> i think it's one that you have a lot of underinvested what i call nonbelievers. i think we're entering the period of chasing returns. first of november i think we started since '09 where it's been up. which is...
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Nov 5, 2012
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early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers later giving them cover to raise premiums. back to you. >>> sandynjrelief fund.org. mary pat christie is on the news line with us right now. welcome. good to have you with us. >> thanks, tyler. >> at some risk, i ask how are you and the christie family holding up? your husband and you have both then tireless this last week. gout to be pretty tired these days? >> we're doing pretty well. it's all relative, right, tyler? we don't have power yet but hopeful that we will soon. i'm also hopeful that our children get to go back to school tomorrow. >> we're in the sa
early estimates put sandy among the costliest u.s. catastrophes. forecasting a cost between $10 billion and $20 billion worth of insured losses. the final tally impacted by, among other things, power in the transportation grids. as for the insurance industry with over $500 billion in capital it can pay expected claims. at last year's premium increases and a decline in catastrophe claims bulked up their profile. deutsche bank claims it could trim earnings by 36% but it could also help insurers...
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and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you have to work hard on the technical side so it means reinsurance and insurance rates have some pressure from the future investment return side. that's partially why the sector has done well this year. >> stefan, thanks for joining us. good to talk to you. >> thank you very much. >>> recorrected a proposal from extrat take to take control of the business while unveiling a $1 billion rights issue. earlier we spoke to the acting ceo and here's what he had to say. >> we have certainty around the funding of $800 million, 817 plld, a
and especially u.s. like travellers. >> how are these companies managing their investment portfolios? >> basically investment profile a little bit of government bond only to more equity, corporate bonds. just announced yesterday some small steps. and the better economic solvency the more they can basically risk the profile and potentially basically counter balance the low yields. but generally there's a real challenge for yields for the general markets. so it's a tough game and you...
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Nov 1, 2012
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all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many months. analysts say perhaps now there's less need for the central bank to bring in further rate cuts. still the pboc is working to keep money markets loose. dan, if these china figures are improving, do you believe china is bottoming and will we see less policy stimulus from here? >> one of the concerns we have is we did see increased subsidy out of china. it reflects the opinion of management as to whether or not they can sell their product. part of selling one's product is price. to the extent that you are lowering price and getting increased demand, you feel good about
all three u.s. indexes snap a in our month winning streak. >> u.s. election campaigning resumes as the northeast assesses the damage from super storm sandy. >> and shell sees profit drop by 15% on on lower crude prices. earnings also seen tune for sx on mobile. exxonmobile. well, china's factories are trying to stage a bit of a comeback.well, china's factorie trying to stage a bit of a comeback. sub indexes including new orders and employment rose to levels we haven't seen in many...
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Nov 8, 2012
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certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of natural gas to our economy and i hope we continue that way. >> i'm glad we got to talk about safety cleans last time you were on. we didn't get to it last time because there's so much going on with sandy. congratulations on a fabulous quarter. i knew you would deliver. chairman and ceo of clean harbors. >> thanks so much, jim. >> guys, look. there are certain stories. we bring them to you last week. stocks at 50 goes to 59. do you want to chase up nine? when this stock comes in, think about the opportunities they have. most stocks do not hav
certainly it's been successful here in the u.s. the real concern, obviously, is not just the water side but also the emissions side, particularly that flowback water that's coming after the initial fracking. and i feel very confident that if we can get some consistent regulationings and guidelines, then we'll be able to find more services around those sites and provide that environmental service that they're looking for. i really do believe that either administration recognizes the low value of...
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Nov 6, 2012
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the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of asset inflation, you have to have assets. >> that's right. most of the millionaires will lean toward romney. the top issues for voters are the national defic
the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires,...
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my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you very much. we'll keep watching both those stories. let's get to john fort. he just spoke with the qualcomm ceo on the heels of their earnings report. let's find out what he has to say. john, over to you. >> maria, you already mentioned the headline numbers. i want to focus on guidance and a bit of color. that might change the way people are thinking about some elements of technology, and particularly the smart phone market. i want to talk about guidance. wall street was looking in the coming quarter -- i guess the current quarter now, for revenue of around $5.3 billion. non-gap eps of around $1. what qualcomm has
my guess is going forward this is the opportunity for europe to outshine the u.s. not that the u.s. will be a bad place to be, but incrementally, i think europe really looks good post-election. >> europe is going to outshine the u.s., huh? >> only because people are expecting such terrible things out of europe that when you expect terrible and you get, you know, so-so, that's an upside surprise any way you look at it. >> all right. we'll leave it there. gentlemen, thank you...
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Nov 7, 2012
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if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian kelly. i know you like stocks over bonds in the long term, but the scenario you just described sounds to me like i want protection, i want to be in the bond market. bonds were up huge today. have you changed your view on stocks over bounds in the long run? >> new york the long run, we think the equity returns are going to be higher than bond returns over the long term, though we do think that they are all going to be lower than what we have been used to over the last several decades n this environment, with this volatility comi
if these at care the u.s. economy will continue to grow next year, but modestly, maybe 1.5, 2% gdp growth, hard for us to see huge upside the next few months in terms of a market rally if the best case scene nair gee moderate economic growth scenario. it is possible, if he is there a miracle and republican and democrats could come together with a true grand bar gape, we see a big rally, that seems like a true right tail event, very unlikely in the foreseeable future. >> neel it is brian...
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Nov 5, 2012
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if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have to do a lot fundamentally to make me comfortable but it is a really good sign, a really good report and great forward guidance. >> drop in time warner of 7%. >> this market didn't like the earnings. i've always liked this company but lately it's been kind of expensive. i'd wait for it to drop down a little more, then i'd get involved. >> there are of course far better cable companies to buy. >> transocean. >> thedeep water is where you want to be in energy. >> tesoro. >> geographically perfectly positioned out west -- love it. >> a pop for starting young. a chinese eighth-grader r
if you walk in on wednesday morning and the u.s. election is not figured out yet, we don't have a winner, then i guarantee you, s&p's going to be down about 3%, maybe 4%. euro is going to be testing 1.2675. >> can t could get ugly. >>> let's see the biggest "pops & drops" in midday trading. o pop in tesla, higher by 7%. >> revenue beat. this is a great company. i don't know if it is a great stock just yet because it is not out of the woods. they still have...
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Nov 2, 2012
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category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has been getting truckers. the rail hasn't been shut down. i'd say by today we're getting fairly back to normal. our folks did a pretty good job of building inventory before the storm hit. so we only think we're down by 100 to 200,000 cases where we would h
category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because...
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Nov 7, 2012
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the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the corporate bond market, they are not expressing concerns about the fiscal cliff. to me, i'm wondering if those markets are about to take a hit soon or if the fiscal cliff is not really the reason that stocks are selling off today. >> for the folks listening on the radio, another headline is, even if we go over the fiscal cliff, moodys is saying that doesn't necessarily immediately lead to a downgrade. that means that they are waiting to hear what is the long term whom did i interrupt? >> i have a question for tom. y
the u.s. credit rating after the outcome of budget negotiations. that's presumed that we'll actually have some. tom, what do you think when you hear that headline? >> well, i think to last year and this whole debacle that happened last year and one thing that is happening last year that is not happening this year is corporate bonds were selling off. we really knew stocks were going to take a wallop because of high yield spreads, high spreads were widening. today if you looked at the...
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Nov 6, 2012
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the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is probably as much about just election uncertainty coming out of the market, not about whether it's a romney or obama victory. it is people just looking at it. it's election uncertainty coming out. >> that makes a lot of sense. real quick, let's go around the horn here. how do you allocate capital? what do i want to be exposed to, and what do i want to sell in 2013? given all of this that we know so far. >> well, you definitely want to get out of defense stocks. you don't want to be there because i think that those have already moved. if you get an obama win, you're going t
the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is...
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Nov 9, 2012
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and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> if you want to know what stocks can work in this increasingly difficult environment, how about we start with stocks that go up when they report earnings, not down, especially on horrendous days of late. stocks like henry
and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go...
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Nov 2, 2012
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you've got a mormon and a catholic who may get more evangelical votes than anybody in u.s. history. >> interesting. very interesting. one last one, in the dan henneger article, he cites, quotes you directly that paul ryan, putting paul ryan as you just suggested, a catholic, will actually fire up the evangelical vote. >> no question about it. you know, paul ryan is mostly known for his work on the budget, for his plans to reform and save medicare. and he's mostly known for his stands on fiscal issues. but you know very well, larry, that paul ryan is a serious and devout and faithful catholic. he takes his faith very seriously. he wrote an open letter to the catholic bishops defending his budget. according to catholic social teachings, specifically solidarity and subsidiarity which states that help for the poor and the needy should be at the point closest to the need and should not be bureaucratic. he's pro life. he's pro marriage. he's pro family. i'll tell you this, on economic issues, as well as cultural issues, when mitt romney picked paul ryan, he made it clear that he
you've got a mormon and a catholic who may get more evangelical votes than anybody in u.s. history. >> interesting. very interesting. one last one, in the dan henneger article, he cites, quotes you directly that paul ryan, putting paul ryan as you just suggested, a catholic, will actually fire up the evangelical vote. >> no question about it. you know, paul ryan is mostly known for his work on the budget, for his plans to reform and save medicare. and he's mostly known for his...
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Nov 9, 2012
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u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it. we're patsys to the iranian supreme leader. this information is coming from the u.s. side. cnn reported it. it's significant to me, my information is that iran has now reported it to the iranian people. in farcesy. they reproduced the cnn report and sadded this, cnn did not sa how they recognized these were revolutionary guard fighters. >> i want to come to the quasi cover-up, whatever it was. i know it's an unmanned drone, it's our plane, it's our real estate. >> it's a predator, it's a drone. >> why don't we do something in return? that's what i'm saying. why do they feel they can do this with impunity? >> the
u.s. defense officials confirm today that iranian fighter planes fired and missed at a u.s. drone. that was just days before election day. so why are we learning about it mow for the first time? joining me, syndicated radio talk show host, john bachelor. >> good evening, larry. >> good evening. they fired at one of our unmanned drones. why didn't we fire back? why didn't we take some retaliatory action? are we just patsys to the iranian air force? >> oh, larry, you said it....
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Nov 5, 2012
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first of all, they have major share of the u.s. cement market. they also are an improving balance sheet story for one that is in disarray. this is a transformational story meets the u.s. housing market. cemex has more to go. >> in terms of who wins, it's still a good play. does that mean either candidate romney or obama would be equally good or equally bad for the housing market? >> i just think the housing market's rebound is bigger than either administration. i believe we're going to see that rebound regardless who is in office. >>> okay. coming up next, we're hours, hours away from election day in america. we here at "fast money" continue to give you the best way to play either outcome. coming up next, the outlook for the treasury trade. and $1 trillion worth of investment advice with black rock's rick reader. that's coming up right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper tradin
first of all, they have major share of the u.s. cement market. they also are an improving balance sheet story for one that is in disarray. this is a transformational story meets the u.s. housing market. cemex has more to go. >> in terms of who wins, it's still a good play. does that mean either candidate romney or obama would be equally good or equally bad for the housing market? >> i just think the housing market's rebound is bigger than either administration. i believe we're going...
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Nov 13, 2012
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last night, 16,000 retailers around the world, including 4400 u.s. game stop stores here in the u.s. opened their doors to gamers for the big launch. strong presales have prompted activision to raise its full-year revenue and earnings guidance. many say that activision is still being conservative with its expectations for the games this year. >> julia, thank you so much. so is activision a buy on the release, or is arc a better play? we're doing "talking numbers" right now. gentlemen, nice to have you on the program. thank you so much for joining us. let's take a look at some of these charts. activision and electronic arts. >> these are two weak charts. i don't see that many technical signs of this declining. let's look at activision first. we see a very large wedge formation formed. price broke higher with strong momentum, technically like it should. however, the fundamentals ran up to it right around november of last year. they reported. the fundamentals were so poor. then we saw a 25% decline in price. we are getting close to some support from the
last night, 16,000 retailers around the world, including 4400 u.s. game stop stores here in the u.s. opened their doors to gamers for the big launch. strong presales have prompted activision to raise its full-year revenue and earnings guidance. many say that activision is still being conservative with its expectations for the games this year. >> julia, thank you so much. so is activision a buy on the release, or is arc a better play? we're doing "talking numbers" right now....
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Nov 14, 2012
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ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big mover. stock breaking previous patterns and actually jumping on its third lock-up expiration. julia has been on the phone with analysts with details about why it's different this time. >> good morning. today is the biggest lock-up expiration for facebook shares. over 80 million a0 million are e market. it it means institutional investors, former employees and investors who bought on the secondary market, and another 31 million in restricted stock units owned by employees who owned prior to 2011. the stock today is soaring for a couple of reasons. t
ceo mike jeffries notes, our u.s. chain store business posted healthy growth on top of strong quarter a year ago and we saw a trend improvement in international business. the question is whether it's a one-off anomaly type quarter origining of renewed strength for teen retailer. the shorts are covering and others are jumping in, too. shares up almost 27%. carl? >> what's amazing, it just gets us back to where we were a couple months ago. incredible story. >>> facebook a big...
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Nov 13, 2012
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meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on their minds. they're continuing to clean up after hurricane sandy. before the storm struck, a majority of chains were fairly confident about the holidays expecting sales to be the same or better than last year. joining us now is executive vice president of the retail council of new york. ted, good morning. we spoke with you last just after the storm. and your sense wasn't clear yet as to what the impact would be. and that ben foit a home dae poe and the other suppliers or would it hurt results for retailers broadly speaking. do you have anymore clarity
meanwhile the agenda in the u.s., the monthly u.s. federal budget statement will be released at 2:00 p.m. 3:30, janet yellen will speak with central bank communication. and on the earnings front, we get numbers before the open fho depot, michael kors. after the close, cisco systems. >> the u.s. holiday shopping system officially kicks off black friday, the day after thanksgiving. but for consumers in the new york city area, finding that perfect holiday gift may not be the first thing on...
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Nov 7, 2012
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u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mowdy is at the nasdaq. tech stocks are getting real crushed. >> absolutely, mandy. down about 65 points on the nasdaq. the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key
u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy....
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. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new jersey voters displaced by the storm will be per misted to vote via fax or e-mail. early voting is also in progress in the garden state. >>> banks in sandy's path are back up and running but giving consume aers few extra day to pay their bills. jpmorgan chase, wells fargo, citi group and pnc all waving fees for customers through wednesday, november 7th. >>> everybody probably personally cares who wins the presidential election. but does the market care? let's bring in the president and ceo of td ameritrade. does it matter to stocks who wins tomo
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new...
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Nov 6, 2012
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we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now, 141. >> stick around. we've got a lot more ahead on this special election day edition of the "closing bell." >>> coming up on this special election day edition of the "closing bell," up for grabs. the very latest news from the battleground states that could decide the presidential race. >>> and our own larry kudlow weighs in on which states he's watching most closely. >>> plus, money matters. the former wells fargo ceo talks the election's impact on wall street and what it could mean for your bottom line. >>> and your money, your initiative. got an issue you need passed? we'll show you how some americans are using their own income to further causes they believe in. that's all ahead on the "closing bell." or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that y
we're talking about the election in the u.s. all day. we are talking about the work beginning after we get this clarity. >> as we head toward the close, about 52 minutes left. here the dow jones industrial average off the lows. gain now, 141. >> stick around. we've got a lot more ahead on this special election day edition of the "closing bell." >>> coming up on this special election day edition of the "closing bell," up for grabs. the very latest news...
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and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the closings throughout the country. we'll be with you as we learn the winner of the white house and balance of congress breaks down tomorrow night all night on cnbc. let's get to bertha coombs. she has news on market flashes. >> a couple of companies reporting after the close here. they are tumbling. take a look at expressscripts. revenue is a little light. it's lifting the lower end of guidance for fiscal 2012. it won't give guidance until 2013. in the release it says expects claims lost from united healthcare, a weak business climate, all of
and, three, i actually think the u.s. gdp will grow mainly because i think housing is going to have a comeback. >> we see the beginnings of that comeback. great to talk to you as always. robert wolf, 32 advisers' ceo. no goals for the white house right now. since he just started his new company, robert wolf. watch our full team election coverage tomorrow night. we kick off at 5 p.m. eastern tomorrow. i'll be anchoring along with carl quintanilla at 7 p.m. we'll navigate through all the...
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Nov 7, 2012
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if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that would help to complement the low rates from the fed and it would also be a statement kind of looking at europe that austerity really hasn't worked so well, vis-a-vis growth. do you think that would be useful? >> i'm in that camp. i think the europeans have been trying to push too much -- everybody counts fiscal policy around the world at the same time. it's kind of crazy by definition. so if for some miraculous reason congress could pull it off, that would be good for many reasons. it feels to me, the u.s. economy
if the u.s. continues to recover and the fed's allowed to do -- despite all the risks of the fed being wrong, when the economy recovers, the fed will start to move stuff away and dollar will strengthen. so i don't think outside politicians should have so much noise about the issues. >> jim, this is jared here. suppose as part of a deal going forward that the president and democrats were able to get some fiscal policy that was actually stimyoulative, something targeting job growth. that...
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Nov 15, 2012
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now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising faster. >> well, i think you're right to point out that, you know, these things change from month to month. depends on things like whether we're sending out tax refunds. one month isn't everything. but i think the concern has to be that the revenue rise may not condition if the economy doesn't prosper. we've seen some real weakness late in the second half of 2012. i'm deeply concerned about the outlook going forward. and without growth, we don't solve any of knees problemthese. the second problem is the spendi
now, the u.s. government kicked the 2013 budget year off with a whopping $120 billion monthly deficit. that's 22% higher than october 2011. it's an eye-opening indicator that the nation is on a path to its fifth straight trillion-plus deficit year. oh, my gosh. here now is former cbo director and president of the american action forum, douglas holtz-eakin. i know it's one month, but you've got to admit, the numbers are coming in lousy. i mean, revenues have been rising, but spending is rising...
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here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't materialize, we had quite a bit of sell-off ever since then. now we have supply issue in which we built up stocks lately and with uncertainty in two big elections in largest world economy, people head toward the sidelines. >> everybody is focused on the u.s. election. you say that china -- what happens on thursday there could be a really big event for the copper market. >> for europe that's been in headlines for quite a long time. they don't use that much copper and their economy is in recession for a while. much like the unite
here in the u.s. we're reassessing what's happening with hurricane sandy and how that's going to impact u.s. oil prices but brent crude is oil and copper prices are at a two-month low. i want to bring in eric who is an independent copper trader here on the floor for nearly 30 years. we have seen a great deal of malaise. what is pressuring copper at the moment. >> we saw a run-up in mid september and everybody got on board waiting for the next big push. after that when it didn't...
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the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 mill
the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china...
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Nov 2, 2012
11/12
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now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux of barges bringing petrol
now it is suspended non-u.s. flagships can also help bring petroleum products to areas where they are needed. of course it will take a while still for long gasoline lines to get shorter. for days now drivers throughout the new york area have had a very hard time getting gasoline. lines are sometimes half a mile long. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port...
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Nov 1, 2012
11/12
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at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in about 30 minutes. the mta is also getting back to business with new york city subways offering limited service starting today. the m tcta is waiving all fees until tomorrow. so good news there. >> we're looking for any good news so thank you. the eye of hurricane sandy has hit the jersey shore hard. it wiped away entire economies. president obama surveyed the damage with chris christie yesterday. this morning kayla tausche is in toms river, seaside heights. what's it look like there? >> reporter: it's very dark here. we're at the mouth of
at least 74 people have died in the u.s. as a result of sandy. most of them from new york and new jersey. still 5.6 million customers in the dark. and it may be ten days before the hardest hit areas sea power restored. more than 19,000 flights were canceled because of sandy, but stranded passengers have something to be thankful for. newark and jfk airports were back in business yesterday and delta and american airlines are scheduled to resume a limited number of flights out of laguardia in...
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Nov 6, 2012
11/12
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. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy? >> i hope there is an agreement because it would be pretty disastrous. the congressional budget a office told us it would take 4% to 5% of gdp out of the economy. in other words we would be in a recession for sure and a deep one unless we come bouncing back t quickly. in other words, congress reverses itself after letting us go over the cliff. >> handicap what you think happened in either scenario if president obama is reelected or if governor romney is elected. >> i think in both cases there is a better than even chance we will go over the cliff. i think if president romney gets elected he will say i
. >>> the outcomes of the races will go a long way in deciding whether the u.s. economy hits the fiscal cliff or goes off the edge and whether buernanke will be leading the federal reserve. joining us is marty feldstein. thank you very much for joining us this evening. >> nice to be with you this evening. >> we have a lot of questions. the fiscal cliff. if we go over the fiscal cliff, if there is not an agreement before january 1 what does that mean for the economy?...
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Nov 6, 2012
11/12
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donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing president obama say he's going to win. the people that are backing candidate romney, governor romney are saying it's going to be a close election. i don't know what that means. >> well, joe, it's all words right now. we're at the point where we'll find out probably tonight, maybe tomorrow, and maybe in a week from now. lot of people don't understand, this thing could go a long time before we find out who the winner is but it's going to be very close. i think people have great hope, and probably they have great hope on both sides, but you know, i
donald trump is on the u.s. in line. how confidence do you think the ballot you cast will help romney win? >> it's going to be, joe, a very, very close election, possibly record-setting. somebody said to me the other day you might have six floridas of a few years ago which was a disaster but it's going to be a very, very close election and very important election. >> it's, i don't know whether the tone matters from the people that we're talking to, but the people that are backing...
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Nov 7, 2012
11/12
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the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over $200,000 a year narrowly over john mccain. he lost that group this time, also lost between between $200,000 and $250,000 and people over $250,000. but the affluent voters lost the argument on taxes with the american electorate overall. you ask people should taxes go up? 60% of the american people say yes, taxes should go up. only 35% say no, they shouldn't. then when you segment that, you've got 13% of the american people saying they should go up on everyone. that's what would happen if we went over the fiscal cliff. but 47% say they should onl
the u.s. could be in for another downgrade. john harwood on the president's biggest challenge in this new term. >> hi, sue. you just heard from the politicians about their approach to the fiscal cliff and the challenge facing the country. let's look at what the voters had to say about it last night. because this is what president obama and congress are going to turn to immediately. first of all, if you segment the electorate by income, in 2008 the president carried people who earned over...
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Nov 11, 2012
11/12
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a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average household will pay more in taxes each year, $2000 to $3500 more. two, sequestration. what's that? new, big budget cuts. $110 billion in cuts in 2013 alone. they go into effect january 2, and will affect the defense budget and the domestic budget. the cbo, says unemployment could climb up over 9%, pushing the u.s. back into recession. why did this happen? an automatic sequestration or permanent set aside of $1.2 trillion was passed by congress, in order to force congress to compromise and figure out how to cut the budget itself. but, a congressional supercommittee of house and senate members failed to reach a deal last year. now the clock
a ledge the u.s. is teetering on and will plunge over if no action is taken on certain financial matters. what are those? one, the bush era tax cuts. in 2001 and 2003, congress, under president george w. bush, lowered everyone's taxes. but it was only temporary, like 11 years temporary. less than two months from now midnight december 31, taxes go back up. the average household will pay more in taxes each year, $2000 to $3500 more. two, sequestration. what's that? new, big budget cuts. $110...
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Nov 6, 2012
11/12
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that's u.s. steel. up five and a third percent. ubs adding to the alpha most preferred list. time to get in there. >> this is a high quality company in a tough industry. a lot of news that impacts this thing comes from oversaes. this is the thing where you want to look at technicals more than anything else. we know the fundamentals aren't great. 23 and change. 23 and a quarter. that's a really important level. i would not be a buyer until it can break above that and hold. if it retests that level after busting through this is good for a five or six-point breakout but not until. >> big moves on wall street today as americans go to the polls. which candidate will be better for wall street and your money is this harold ford was a five-term democratic congressman and now a managing director at morgan stanley. anthony scaramucci is one of mitt romney's national finance chairs. good to have you with us. how do we counter claims that romney is better for the investor class and better for wall street? >> good afternoon. good afternoon to my friend anthony. >> that means the hammer is
that's u.s. steel. up five and a third percent. ubs adding to the alpha most preferred list. time to get in there. >> this is a high quality company in a tough industry. a lot of news that impacts this thing comes from oversaes. this is the thing where you want to look at technicals more than anything else. we know the fundamentals aren't great. 23 and change. 23 and a quarter. that's a really important level. i would not be a buyer until it can break above that and hold. if it retests...
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Nov 2, 2012
11/12
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the system is coming out of the pacific, dropping down through the center of the u.s. it is going to take a path right up along the east coast. we have a number of computer models that are going to come to consensus on how this will impact the region. it's certainly not going to be anything like sandy but it is going to add insult to injury as far as a recovery effort next week. stronger winds, some rainfall for the coast. it is going to be a rough midweek and as we get into latter part of the week on the back side of this weather system, more cold air just making for chilly conditions across that region. once again hampe the recovery effort. we'll send it back to you. >> i appreciate the update. thanks so much from our folks and friends at the weather channel. >>> let's do "pops & drops" now. biggest movers in midday trading on this friday. >> i'll drink to that, a lot of bourbon going down. beam beat top and bottom line. stock trading up strong. i like this stock. and their product. >> i bet you do. as does murphy but he's going to talk about floor. it's dropping tod
the system is coming out of the pacific, dropping down through the center of the u.s. it is going to take a path right up along the east coast. we have a number of computer models that are going to come to consensus on how this will impact the region. it's certainly not going to be anything like sandy but it is going to add insult to injury as far as a recovery effort next week. stronger winds, some rainfall for the coast. it is going to be a rough midweek and as we get into latter part of the...
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Nov 8, 2012
11/12
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the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually going to do. two, you're looking at the greeks want a two-year extension which means another $40 billion to $50 billion to fund that. who is going to come one that and the country in europe resisting it and three the question of the imf whoa looked at the whole situation and said look unless this say sustainable way to pay back the debt, we're not going to fund. >> mark -- >> then you have the issue -- sorry. >> no, go ahead. >> spain is in terrible financial problems, the highest unemployment rate in europe and there y
the first is the u.s. fiscal cliff about $600 billion, it represents 4.5% of america's gdp and we have to deal with that issue. the next issue is greece, and greece we have, we passed the first page of the next chapter i suppose you would say which is that the greek parliament approved the austerity measures. we're facing the european union and will they fund, meaning that we have finland, austria and the netherlands that said no more money for greece so we have to see what they're actually...